Merced Housing Market Stats

As of 2008, the rental vacancy rate in Merced stood at 7%, relatively low compared to the rest of the country. There are about 82,618 housing units, averaging $310,500 in value, 45% of which are occupied by renters. The rent to price ratio in Merced is 0.2%, slightly higher than the California average. For 18% of Merced tenants, 30% or more of their income goes to paying rent.

Merced Demographic Info

Merced has a population of 243,863, comprised of 72,815 households, with on average 3 members per household. Out of approximately 107,853 people in the civilian workforce, 95,681 (89%) were employed in 2008. 66% of the population 25 and older has earned a high school diploma, with 13% holding a 4 year college degree.